Shares of database software firm MongoDB MDB.O climb 28.89% to $278.48 in premarket trading
Company lifts annual adjusted profit forecast to $3.64-$3.73 per share, from prior forecast of $2.94-$3.12
Sees FY 2026 revenue to be between $2.34 bln and $2.36 bln, vs prior forecast of $2.25 bln and $2.29 bln
Posts Q2 revenue of $591.4 mln, beating estimates of $553.4 mln - data compiled by LSEG; Q2 adj. EPS $1 vs estimated $0.66
Atlas (MDB's fully managed cloud database) revenue growth accelerating to 29%, adding over 5,000 customers year-to-date - the highest ever for the first half of a year
Peer Confluent CFLT.O advance 1.3%, and Datadog DDOG.O added 2% in limited trading
Majority of brokerages rate the stock "buy" or higher; their median PT is $307.5
Up to last close, stock had fallen about 8% YTD
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